CANADA FX-C$ extends losses after OPEC says will not cut crude output

TORONTO Nov 27 (Reuters) - The Canadian dollar extended its
losses against the U.S. dollar on Thursday after Saudi Arabia's
oil minister said OPEC will not be cutting crude output levels.

The Canadian dollar retreated sharply to a session
low of C$1.1305 to the greenback, or 88.46 U.S. cents, following
the news, which also sent oil prices falling to a new four-year
low.

The currency, which was underperforming most other major
counterparts, had closed at C$1.236, or 89.00 U.S. cents on
Wednesday. Trading was extremely light, however, due to the U.S.
Thanksgiving holiday.
(Reporting by Solarina Ho Editing by W Simon)